Van leasing is commonly used by businesses these days, as it is often the most cost-efficient and affordable option. However, if your company has the money to buy its vans outright, you may be thinking - why should I consider van leasing?
When you lease vans rather than buying them, it is not the same as renting a house rather than buying it. It is not a waste of money to lease vans like it is with renting property - in fact, there are many financial advantages to van leasing that you may not have considered.
First and foremost, you should know that the payments and deposits you make to your van leasing UK company are 100 per cent tax deductible. This is the first financial advantage of van leasing, as it proves to be the most tax efficient way to run a fleet of business vehicles.
If you choose to lease vans rather than to buy them, there is another benefit you can enjoy. This is the problem with depreciation in the value of vehicles that many van-owning companies experiencing when trying to sell vehicles they bought just a few years before. The value drops significantly, leaving the business out of pocket. However, if you choose van leasing, you may have the option to replace your vehicles with brand new ones at the end of a lease contract.
Big discounts are also offered by some van leasing UK companies when businesses sign up for lease contracts, especially longer term ones. However, this also depends on the vehicles you choose.
Last of all, van leasing allows you to free up capital. Even if you do have the money to buy your vans, this cash may be better spent elsewhere. Van lease companies often only ask for a minimum deposit at the start of a contract, meaning you can free up cash and improve your company's cash flow.
When you lease vans rather than buying them, it is not the same as renting a house rather than buying it. It is not a waste of money to lease vans like it is with renting property - in fact, there are many financial advantages to van leasing that you may not have considered.
First and foremost, you should know that the payments and deposits you make to your van leasing UK company are 100 per cent tax deductible. This is the first financial advantage of van leasing, as it proves to be the most tax efficient way to run a fleet of business vehicles.
If you choose to lease vans rather than to buy them, there is another benefit you can enjoy. This is the problem with depreciation in the value of vehicles that many van-owning companies experiencing when trying to sell vehicles they bought just a few years before. The value drops significantly, leaving the business out of pocket. However, if you choose van leasing, you may have the option to replace your vehicles with brand new ones at the end of a lease contract.
Big discounts are also offered by some van leasing UK companies when businesses sign up for lease contracts, especially longer term ones. However, this also depends on the vehicles you choose.
Last of all, van leasing allows you to free up capital. Even if you do have the money to buy your vans, this cash may be better spent elsewhere. Van lease companies often only ask for a minimum deposit at the start of a contract, meaning you can free up cash and improve your company's cash flow.
About the Author:
Alison French is a widely respected writer who has been writing for 5 over years often writes on Van Leasing Companies In London and a wide range of other subjects.
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